Consumer Edge Reiterates “Equal Weight” Rating for Campbell Soup (NASDAQ:CPB)

Campbell Soup (NASDAQ:CPB)‘s stock had its “equal weight” rating restated by equities research analysts at Consumer Edge in a report released on Monday, MarketBeat Ratings reports.

A number of other analysts have also recently commented on the stock. Stephens reaffirmed an “overweight” rating on shares of Campbell Soup in a report on Wednesday, December 4th. Jefferies Financial Group reduced their target price on shares of Campbell Soup from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, March 5th. Barclays reduced their price objective on shares of Campbell Soup from $49.00 to $46.00 and set an “underweight” rating for the company in a research note on Friday, December 6th. Wells Fargo & Company reduced their price objective on shares of Campbell Soup from $43.00 to $40.00 and set an “equal weight” rating for the company in a research note on Thursday, March 6th. Finally, BNP Paribas raised shares of Campbell Soup to a “strong sell” rating in a research note on Wednesday, February 26th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $45.23.

Campbell Soup Stock Up 1.7 %

Shares of NASDAQ CPB traded up $0.65 during midday trading on Monday, hitting $39.07. The stock had a trading volume of 182,757 shares, compared to its average volume of 2,572,478. The company has a market cap of $11.65 billion, a P/E ratio of 21.37, a PEG ratio of 2.71 and a beta of 0.15. The business’s 50 day moving average is $39.16 and its 200-day moving average is $43.84. Campbell Soup has a 52 week low of $36.92 and a 52 week high of $52.81. The company has a quick ratio of 0.50, a current ratio of 0.91 and a debt-to-equity ratio of 1.74.

Campbell Soup (NASDAQ:CPB) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.01. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.74 billion. Campbell Soup had a net margin of 5.57% and a return on equity of 23.79%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, analysts predict that Campbell Soup will post 3.15 EPS for the current year.

Insider Activity

In related news, EVP Anthony Sanzio sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $41.90, for a total transaction of $83,800.00. Following the completion of the transaction, the executive vice president now owns 16,551 shares in the company, valued at $693,486.90. The trade was a 10.78 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 20.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CPB. Franklin Resources Inc. raised its stake in shares of Campbell Soup by 1,593.8% during the 3rd quarter. Franklin Resources Inc. now owns 1,904,440 shares of the company’s stock worth $91,623,000 after acquiring an additional 1,792,005 shares in the last quarter. Two Sigma Advisers LP grew its position in Campbell Soup by 272.7% during the 4th quarter. Two Sigma Advisers LP now owns 2,243,300 shares of the company’s stock worth $93,949,000 after purchasing an additional 1,641,400 shares during the last quarter. Man Group plc grew its position in Campbell Soup by 1,296.1% during the 4th quarter. Man Group plc now owns 1,407,161 shares of the company’s stock worth $58,932,000 after purchasing an additional 1,306,372 shares during the last quarter. Invesco Ltd. grew its position in Campbell Soup by 38.2% during the 4th quarter. Invesco Ltd. now owns 4,645,548 shares of the company’s stock worth $194,556,000 after purchasing an additional 1,282,957 shares during the last quarter. Finally, Norges Bank purchased a new stake in Campbell Soup during the 4th quarter worth approximately $50,908,000. Institutional investors own 52.35% of the company’s stock.

Campbell Soup Company Profile

Campbell Soup Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally. The company operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada.